Including a trust in your will is becoming increasingly common and many financial advisors regularly recommend the use of testamentary trusts. They can serve many purposes, including legitimate tax minimisation for beneficiaries, asset protection, and in some cases as a means of preventing assets being wasted - for instance by a spendthrift child.
There are many different forms of trusts that can be used including unit trusts, discretionary trusts and hybrid trusts. Mullane & Lindsay can guide you in selecting the most appropriate trust, and in drafting the trust deed to meet your specific needs and objectives.
For more information about Testamentary Trusts, please contact us.